© 2010

Central Bank Reserves and Sovereign Wealth Management

  • Arjan B. Berkelaar
  • Joachim Coche
  • Ken Nyholm

Table of contents

  1. Front Matter
    Pages i-liii
  2. Central Bank Reserves Management

    1. Front Matter
      Pages 1-1
    2. Krzysztof Rybinski, Urszula Krynska
      Pages 3-40
    3. Stephen John Fisher
      Pages 140-161
    4. Joachim Coche, Vahe Sahakyan
      Pages 162-177
  3. Sovereign Wealth Management

    1. Front Matter
      Pages 179-179
    2. Bernard Lee, David Rogal, Fred Weinberger
      Pages 181-219
    3. Stijn Claessens, Jerome Kreuser
      Pages 247-284
    4. Roy P. M. M. Hoevenaars, Roderick D. J. Molenaar, Eduard H. M. Ponds
      Pages 328-348
  4. Back Matter
    Pages 349-362

About this book


This is an edited collection of essential readings on Reserves Management and Sovereign Wealth Management, from the recent SAA conference organized by the Bank for International Settlements, the European Central Bank and the World Bank Treasury. It offers an exchange of views on technical and implemental issues of financial models.


asset allocation bank capital investment Portfolio Risk Management Treasury

Editors and affiliations

  • Arjan B. Berkelaar
    • 1
  • Joachim Coche
    • 2
  • Ken Nyholm
  1. 1.Kaust Investment Management CompanyUSA
  2. 2.Bank for International SettlementsSwitzerland

About the editors

ARJAN B. BERKELAAR is Head of Risk Management at Kaust Investment Management Company (KIMC) US. Prior to joining KIMC, he
worked as Principal Investment Officer at the World Bank Treasury where he was responsible for developing investment strategies
and advising internal and external clients on asset allocation and related policy matters.

JOACHIM COCHE works as Senior Asset Management Specialist at the Bank for International Settlements (BIS) in Basle, Switzerland, where he advises central bank clients in the management of foreign exchange reserves. Prior to joining the BIS, he worked at the World Bank Treasury where he focused on the development of asset allocation strategies for the Bank's fixed income portfolios.

KEN NYHOLM works in the Risk Management Division of the European Central Bank, focusing on the practical implementation of financial and quantitative techniques in the area of fixed-income strategic asset allocation for the bank's domestic and foreign currency portfolios, as well as asset and liability management for pensions.

Bibliographic information

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